Specialty paper is used to
transport and safeguard a wide range of merchandise. High demand from
the end use industry, such as packaging and labelling, is anticipated
to drive growth of the specialty paper market over the forecast
period. The specialty paper market constituted almost 6% of the
global specialty paper and paperboard market in terms of volume in
2014. Europe was the leading exporter of specialty papers in 2014.
Rapid increase in consumerism, in turn, is projected to drive demand
for specialty papers in the developing countries. The convenience
offered by customizable specialty paper products, coupled with their
beneficial properties, is also among the major factors anticipated to
drive growth of the specialty paper market over the forecast period.
Thus, in view of all the above driving factors, the global specialty
paper market is expected to witness high growth over the forecast
period.

Growth witnessed in the end-use
industry, such as packaging and labelling, in turn is expected to
drive growth of the specialty paper market in the near future, as
packaging and labelling constitutes almost 40% of the global
specialty paper application. Change in lifestyle of people and rise
in aging population are factors anticipated to increase demand for
specialty paper in the food service, packaging, and medical
applications. Besides, rise in the disposable income of people across
the globe is expected to further fuel demand for specialty papers
over the forecast period.

Carbon emissions resulting from the
paper manufacturing processes, coupled with deforestation, is
projected to be a strong disadvantage of specialty papers, in turn
hindering their market growth. Besides, the advent of the
digitalization age is expected to be another major restraining factor
for growth of the specialty paper market in the coming years.
Furthermore, anticipated extermination of paper-based communication
due to the increasing consumer preference for electronic media is
expected to lead to further decline in growth of the specialty paper
market over the forecast period. Moreover, the specialty paper market
is extremely fragmented, which is another restraining factor for
growth of the specialty paper market over the forecast period.

Specialty Paper Market: Region – wise outlook

The global specialty paper market
is segmented into seven key regions on the basis of geography, namely
North America, Latin America, Western Europe, Eastern Europe, Asia
Pacific, Middle East and Africa and Japan. Asia Pacific market is
expected to expand at the highest CAGR in terms of value and volume
over the forecast period. Increasing population and industrialization
in APAC is expected to be the major reason for the rise in demand for
specialty papers in the region. Europe and North America markets are
expected to account for nearly half of the total share of the
specialty paper market over the forecast period. The Latin America
and the MEA markets are expected to witness stagnant growth in the
near future.

Some of the key market players
identified in the global specialty paper market are:

Nippon Paper Group

Domtar Corporation

Mondi Plc

International Paper

Stora Enso

Oji Holdings Corporation

Asia Pulp & Paper Co. Limited

Sappi Limited

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industry-validated market data. It also contains projections done
using a suitable set of assumptions and methodologies. The research
report provides analysis and information on the basis of market
segments such as geography, technology, and applications.

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